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GC00
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145 days

Goldman Sachs boosted its gold price forecast. A Russian-Ukraine peace deal could be a buying opportunity. - MarketWatch

1. Goldman Sachs raises gold forecast to $3,300 per ounce for 2025. 2. Gold futures rise 1.3% to $3,060.70 amid policy uncertainty. 3. Central banks and ETF inflows drive increased gold demand. 4. Russia-Ukraine peace could trigger temporary selling but lasting impacts are unlikely. 5. Bank of America increases gold forecast to $3,500, citing strong demand.

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FAQ

Why Bullish?

Increased forecasts by major banks signal strong demand for gold, often driving prices higher. Historical trends show that such upward revisions typically correlate with price surges.

How important is it?

The article reflects critical shifts in gold market expectations that are highly relevant to GC00's pricing dynamics, potentially increasing demand significantly.

Why Short Term?

Immediate investor sentiment may react positively to revised forecasts, yet long-term effects depend on geopolitical stability and policy changes.

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